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                                                   Natalie Rivera,
                                                   Emily Verret,
                                                   (713) 523-7900


   Event Celebrates Groundbreaking for Planned Community Developers’
                Office Building in Sugar Land Town Square

SUGAR LAND (September 4, 2007) – Members of local media recently went head-to
head in a remote-controlled bulldozer race at the groundbreaking celebration of Sugar
Land Town Square’s newest Class A office building. Race participants received a
donation to their charity-of-choice, courtesy of Planned Community Developers.
       Among the race participants were City of Sugar Land Councilman Michael Schiff
who won first place and raced on behalf of Child Advocates of Fort Bend. Second place
was awarded to Sugar Land Sun Editor John Pape, who raced for the Pink Ribbons
Project and the third-place winner was David Lyons, publisher of the Fort Bend Herald
and Texas Coaster, who raced on behalf of Boy Scouts of America.
       Also participating were Casanova Nurse of KHCW-TV, Elizabeth Lee of KHCW-
TV, Kathy Williams of KRIV-TV and Chris May of the Houston Chronicle. Nurse, Lee,
Williams and May represented AIDS Foundation Houston, The Lupus Foundation, The
Fort Bend County Women’s Center and the Readers are Leaders Foundation,
       “Over the past few years, Town Square has grown to become the central
business district for the Sugar Land and Fort Bend areas. This office building will help
meet the demand for those professionals who are looking to open their businesses here,”
said Les Newton, president of PCD. “I am excited we were able to use this achievement
to benefit the community and would like to thank all the participants for making it a

PG. 2/Remote-Controlled Bulldozer Race

       Located at 2150 Town Square Place, the new building will be similar in design to
Town Square’s existing office building, The Plaza, and will offer 185,000 square feet of
Class A office space and 15,000 square feet of ground level retail space. It will also
feature the same wide range of superior amenities including state-of-the-art
telecommunications, 24-hour roving security, monitored call boxes, covered structured
parking and easy access to major highways and a corporate airport.

       The eight-story office building is scheduled for completion in fall 2008. For
office leasing information contact Don Janssen at (281) 242-2000 or

About Planned Community Developers, Ltd.
Planned Community Developers, Ltd. ("PCD") is the developer of the 9,700-acre First
Colony master-planned community in Sugar Land, Texas, located southwest of Houston.
 PCD is also currently developing two other major projects: River's Edge, a new 370-
acre community in Richmond, Texas and Lake Pointe Town Center, a 190-acre, mixed-
use development at the intersection of U.S. 59 and Highway 6. PCD continues to oversee
the phased development of the 32-acre Sugar Land Town Square, located at the
intersection of U.S. 59 and Highway 6. Phase One of Town Square is complete and
includes a 300-room full-service Marriott hotel and conference center, a new 82,000
square-foot City Hall for Sugar Land, 167 mid-rise residential condos, 200,000 square
feet of office space, 200,000 square feet of upscale Main Street retail and restaurants and
a 1.4-acre pedestrian plaza. The next phases of development will include an
additional 188,000 square feet of Class A office space and 50,000 square feet of retail
space and is projected to be complete within two years.


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